Zentner Says U.S. Hasn't Seen 'Turning Point' in Labor

Ellen Zentner, senior U.S. economist at Bank of Tokyo-Mitsubishi UFJ Ltd., talks with Bloomberg's Rhonda Schaffler in New York about the Institute for Supply Management report released today, the outlook for tomorrow's U.S. August employment report and Federal Reserve monetary policy. The ISM's index of non-manufacturing businesses unexpectedly increased last month to 50.6 from 49.5 in July, spurred by the biggest drop in prices in almost two years, the Tempe, Arizona-based group said today. (Source: Bloomberg)

Bloomberg | September 4, 2008

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